Review of CTP

One recommendation was to create a new class of vehicle – ride-sourcing vehicle.

Ride-sourcing is the same as ridesharing or ride-booking and used for services like Uber. Owners of ride-sourcing vehicles would pay the same as other Class 1 motor cars. Or at least until the insurer has more data about their actual risks on the road.

From 1 December 2018, the regulator recommended all premiums increase by the growth in wages (AWE). Ultimately, the Tasmanian government only decides whether or not to accept these recommendations.